The following information pertains to the January 2, year 2 transaction replacing a print machine for Forgotten Caverns Enterprises, Inc. (Click the icon to view the information.) What is the net total of relevant costs on January 2, year 2? A. $160,100 B. $24,100 OC. $7,100 D. $143,100

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information pertains to the January 2, year 2 transaction replacing a print machine for Forgotten Caverns Enterprises, Inc.
(Click the icon to view the information.)
What is the net total of relevant costs on January 2, year 2?
OA. $160,100
B. $24,100
C. $7,100
D. $143,100
Transcribed Image Text:The following information pertains to the January 2, year 2 transaction replacing a print machine for Forgotten Caverns Enterprises, Inc. (Click the icon to view the information.) What is the net total of relevant costs on January 2, year 2? OA. $160,100 B. $24,100 C. $7,100 D. $143,100
Data table
Net book value - old print machine
Total cost of new machine
Down payment on new machine
Sale price of old machine
Tax rate
$
17,000
$ 170,000
$
34,000
$
32,000
34%
- X
Transcribed Image Text:Data table Net book value - old print machine Total cost of new machine Down payment on new machine Sale price of old machine Tax rate $ 17,000 $ 170,000 $ 34,000 $ 32,000 34% - X
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